In a recent report entitled ‘Opportunities for foreign investors in Indian Real Estate’, Cushman & Wakefield has reported that Mumbai accounted for about 35 per cent of the total foreign investments in 2015, followed by Delhi NCR accounting for about 25 per cent of the investments.
“Total private equity (PE) investments from foreign funds in Indian real estate increased 33 per cent from $1,676 million (about Rs. 11,306 crore) in 2014 to $2,220 million (about Rs.14,974 crore) in 2015,” C&W said in a statement.
“The three large cities – Mumbai, Bengaluru and Delhi-NCR – continue to attract the highest investments in India and account for about 75 per cent of these investments,” said Sanjay Dutt, Managing Director, India, Cushman & Wakefield.
However, he said that other cities in India are likely to witness rise in private equity investments going forward on the back of government initiatives to relax foreign direct investment norms and focus to improve infrastructure across the country. “These initiatives have made India as one of the largest markets for real estate investments offering a huge investment potential to foreign investors that were largely restricted until now,” Dutt said.